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Hello this is Matt on the moon Lambo Channel it's been a while since I Provided an update on what's happening In the trial of SPF scam Bank Run fraud Uh turns out that uh he may end up being In prison for a good 50 years or so in Fact look at this headline from the New York Post Sam bankman free deserves 40 To 50 years in prison for FTX fraud Prosecutors so that's that's what They're saying now in theory it could be What is effectively a life sentence it Could be over a 100 years but on the Flip side I'm going to share with you Perspective from somebody who is in the Know who says actually what's most Probable is he's going to get a much Lighter sentence which I hope is not True but there's actually a chance he Could get a rather light sentence Compared anyway to what the prosecutors Are looking for but uh before going Further I do want to be clear I do not Have a financial background of any kind I am not offering Financial advice and You definitely should not buy or sell Anything because of anything I say right I'm just an Enthusiast who enjoy is Making YouTube videos about crypto Related topics but just as a hobby and Just for fun all right so uh what's Going on in the life of this cucumber Eaten son of a Sam bankman freed Should spend between 40 and 50 years in
Prison after being convicted for Stealing $8 billion from customers of His now bankrupt FTX cryptocurrency Exchange prosecutors said on Friday a Jury found bankman freed 32 guilty in November on 7 counts of Fraud and Conspiracy Federal prosecutors in Manhattan said thousands of everyday People including residents of War torn And unstable countries had entrusted Their nest eggs to FTX even now bankman freed refuses to Admit what he did was Wrong prosecutor uh prosecutors wrote That a quote uh in a sentencing Memorandum his life in recent years has Been one of unmatched greed and hubris Of ambition and rationalization and Courting risk and gambling repeatedly With other people's money and that was a Direct quote so and it is it is Fascinating like what is the right word To describe this little buttnugget with With a fro I mean I guess I'm being Pretty good with descriptive attributes He has buttnugget with a pro like that's That's pretty spot-on Um calling him a cucumber son of a Eating son of a that's like that's Just that's just factually true that's What he does he likes the Vegetables um so there's that But you know it's it's kind of amazing To me that people like this exist I
Understand nature produces humans like This I get it it's just it's astonishing To me that they actually exist like CU This guy destroyed so many people's Lives not the tiniest bit of remorse This guy's a damn sociopath or Psychopath or something I don't know you Tell me what the right uh the right word Is for but there's this guy has Something uh this is this is not normal Human behavior and response and in fact I'll show you this too he's actually Plan he's already trying to figure out How he wants to spend his situation in a Favorable manner for him it's just gross Stuff here like this is a disgusting Terrible human this is an awful creature I can only assume that nature Accidentally produced this that that how Else do you explain it it come on this Looks like some sort of madeup villain Right anyway they are seeking 11 billion In for forfeiture to to account for Losses FTX as investors and alam's Lenders suffered as well the former Billionaire lawyer Mark mukasey told us District Judge Lewis Kaplan that a 5 and A quter to 6 and a half year uh prison Term would be appropriate now that's a Joke first of all it's a joke because he Was never a billionaire it was a fake he Was a fake billionaire because it was All based on a Ponzi scheme which means It was not real he was never a
Billionaire and then you talking about On the highend 6 and 1/2 Years I I I I'm genuinely curious do his Lawyers think that that's something That's going to fly I mean it's better If they said no you should it should be Zero it should be zero well at least They didn't do that I just I have a hard Time believing that the the judge is Going to look at them and be like H that Does seem pretty harsh destroyed crushed Many people's Liv 11 billion dollar Ponzi scheme six years yeah No that would be disgusting And I don't think that's going to happen Although he may end up getting less than What uh what what what people like me Are hoping for more on that in just a Second anyway peace continues though Mark botnik a spokesman for bankman Freed said mcasi would file a response Next week to Prosecutor's memorandum Kaplan is is scheduled to sentence Bankman freed on March 28th in Manhattan Federal court bankman freed plans to Appeal his conviction and sentence so we Should know in about a couple weeks Exactly what the sentence is and he has Every right to appeal but I don't Suppose it's likely to go well for him His life pretty much over he he is Screwed as he should be he ruined other People's Lives and so here's a post on social
Media platform X from jacqulyn melenic Senior crypto reporter over at TechCrunch and she thinks that what's Most probable is that s bankman freed Isn't going to get anywhere close to 50 Years Unfortunately she wrote The Following SPF sentencing is end of this month Federal prosecutors want 40 to 50 years S SPF wants 5 and a half to 6 and A2 Years I was at his trial every day and Interviewed former southern district of New York prosecutors my educated guests 30 Years it's not folks it's not nothing I'll be glad that he's behind bars that Entire time I'll be extra happy every Single day that I wake up because he Destroyed people's lives and that's Where he deserves to be this guy's a Monster he has no remorse he doesn't Care he's still fighting this he plans To appeal this guy sucks donkey balls so Uh 30 years I I'm glad it's not nothing It's not like six Years um I don't think that's sufficient Personally anyway then she writes I've Been told that judge Kaplan doesn't Typically like to put young white collar Criminals Behind Bars forever uh you can Have your own opinions on that I'm just Stating what those who have worked with Him have said so yes It's highly unlikely he gets the full
Sentence of 110 years SPF is 32 now so If I'm right 30 years give or take is Most of the remainder of his life Anyways I don't think it will be at the Same level as made of uh he was older When he defrauded investors but I think It'll be long enough to make an example Of SPF and his crimes even if he'll Still get to potentially get to have a Bit of life outside of jail decades Later and so It' be somewhat disappointing if it were Only 30 years but as she points out That's almost all of his life anyway so There's some satisfaction in that but I Just I just I don't see how a monster Like this who clearly has no remorse Like there's something in the way that He's wiring that's just way off I I just I I don't see why he should even be a Part of society outside I just don't see Why he should be it doesn't make any Sense and no Remorse 30 years does not seem like Enough it just Doesn't and again if that's what he gets If he actually gets 30 years well okay It's not nothing it's definitely not Nothing three decades and he's already 32 Okay but we'll see what happens but but Take a look at this Sam bankman Freed's Bankruptcy narrative revealed a new Court documents this is gross stuff us
Prosecutors have filed new court Documents revealing Sam SPF bankman Freed's plans to restore his Public Image after the collapse of FTX in 2022 look at you got to see this look at What he was doing this is is absolutely Disgusting and to be clear this is who He is as a person he's always going to Be trying to spend stuff he's always Going to be trying to to trick people Like that's not going to this is who This person Is according to a Google Document Attached to the government sentencing Memorandum filed on March 15th bankman Freed listed 19 random probably bad Ideas and that's a quote intended to Change the social media Narrative of the Crypto exchange's dramatic downfall the Ideas included initiatives such as go on Tucker Carlson come out as a Republican a leaking and this is by the Way after he donated like I can't Remember the figures now but just a Ridiculous amount of money to the Democrat Party he's just going to come Out as a republ What who's even buying that anyway uh Leaking documents to the Press Criticizing lawyers and being seen as Extremely Pro crypto pro- Freedom along With promoting a strong anti anti- Binance Message what the hell is wrong with this
Guy my God this is a monster of a human he just He destroyed people's lives absolutely He did I have no sympathy for this Person and I use the term person in this Situation you know you know reluctantly Let's Say uh I maybe the judge will surprise Us and it'll get you know 50 years plus You know maybe 100 years that would be Fantastic FC but Um I don't know jacine M she's in the no She has a better sense of you know What's happening on the ground there 30 Years I again I know it's not Nothing but that would be a little bit Disappointing you guys just tell me what You think here but that's the latest on What's going on here um as new stuff uh Comes out on this story I'll be happy to Cover it um you know certainly you know I'll I'll be covering when the news Breaks regarding the sentences for sure I'm going to cover that I don't know if There's going to be much in the interim But if something of course I'll talk About it but you know for most of the Last say half year there hasn't been That much to cover on this so I haven't Been talking about it too much but this Is the latest and we'll just have to sit Tight and see what happens I'm not a Financial adviser you should not buy or Sell anything because of anything I say
Or right that would be a very very very Bad idea until next time to the Moon Lambo
